Published on 7/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $283,000 7% autocallable contingent interest notes on indexes, ETF
Chicago, July 25 – JPMorgan Chase Financial Co. LLC priced $283,000 of autocallable contingent interest notes due June 23, 2023 linked to the least performing of the Russell 2000 index, S&P 500 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7%, paid quarterly, if each underlier closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically starting June 17, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing asset closes below its 70% trigger level in which case investors will be fully exposed to the decline of the worst performing asset.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable contingent interest notes
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Underlying assets: | Russell 2000 index, S&P 500 index and iShares Russell 2000 Value ETF
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Amount: | $283,000
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Maturity: | June 23, 2023
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Coupon: | 7% annual rate, paid quarterly, if each underlier closes at or above its 70% trigger level on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing asset closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing asset
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Call: | Automatically at par starting June 17, 2022 if the level of each underlier is greater than or equal to its initial price and on any subsequent quarterly review date
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Initial levels: | 2,173.931 for Russell, 4,620.64 for S&P, $159.98 for ETF
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Trigger levels: | 1,521.7517 for Russell, 3,234.448 for S&P, $111.986 for ETF, 70% of initial levels
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Pricing date: | Dec. 17, 2021
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Settlement date: | Dec. 22, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.225%
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Cusip: | 48133CEE8
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